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Masters Lane, Halesowen

West Midlands

£350,000
Listed on 21/04/2026

Property Details

Bedrooms
2
Type
Detached
Area
933 sqft

Description

This is an intriguing investment opportunity featuring two detached properties on a sizable plot of about 972 square meters (0.24 acres) located in a well-established residential area of the West Midlands. The properties are being sold as a single lot, with one unit (number 52) requiring modernization throughout, while the other unit (number 50) presents significant structural challenges which may necessitate demolition to fully unlock the potential of the land at the rear. This large plot offers substantial development possibilities, subject to the requisite planning permissions. The area benefits from convenient access to local amenities and excellent transport links via Rowley Regis railway station and the M5. Given the current configuration, there may be opportunities for extending or redeveloping should planning be granted, making this an attractive proposition for developers or investors looking to capitalize on the growing demand for housing in this region.

Investment Analysis

(B62 area)

Above Market Value

This property is priced +31.5% above area average per sq ft

+31.5%
This Property
£375/sq ft
Area Average
£285/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£292,855
10% above area average per sq ft
Potential ROI
-37.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (B62)

Area prices are rising by +4.0% over the last 12 months
3 year growth: +3.6%
5 year growth: +16.5%
Investment Disclaimer: Analysis based on B62 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Masters Lane, Halesowen
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,240
Based on a loan of £262,500 over 30 years at 3.91% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

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